Dealing with the Original Sin Driving Health Costs

Abstract

In budget policy, myths are progress's number one enemy. One silly fiction now making the rounds is that
we don't know how to judge the relative value of different types of health care, so we can't control health care
costs-at least not for now. Like many myths, this one contains an element of truth-there is a lot we don't
know. So what? It's still a myth that we know too little to act.